Featured image of post SuperTrend MultiTF for MT5 - Advanced Multi-Timeframe Trend Following Tool

SuperTrend MultiTF for MT5 - Advanced Multi-Timeframe Trend Following Tool

Enhanced SuperTrend indicator with multi-timeframe analysis for MetaTrader 5. Overlay higher timeframe trends on your current chart for better trade alignment. Perfect for trend following and reversal strategies.

Table of Contents

  1. Overview
  2. Key Features
  3. Installation Guide
  4. Usage Guide
  5. Parameters
  6. Core Formula
  7. Why Choose MultiTF Version?
  8. Contact & Support

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Overview

The SuperTrend MultiTF is an advanced version of our popular free SuperTrend indicator, enhanced with powerful multi-timeframe analysis capabilities. This professional tool helps traders identify market trends across multiple timeframes simultaneously, providing a clearer picture of the overall market structure.

SuperTrend MultiTF Interface

Key Features

  • Multi-Timeframe Analysis: View higher timeframe trends on your current chart
  • Trend Identification: Clear visual signals for uptrends and downtrends
  • ATR-Based Volatility: Dynamic adjustment to market conditions
  • Customizable Parameters: Adjust sensitivity and calculation methods
  • Time-Saving: No need to switch between charts
  • Versatile: Works for forex, stocks, crypto, and more
  • Visual Clarity: Color-coded signals for quick analysis

Installation Guide

  1. Purchase via MQL5 Market or using the crypto payment option above
  2. Download and extract the files
  3. Copy the files to your MT5 installation directory
  4. Restart MetaTrader 5
  5. Find the indicator in the Navigator panel under “Indicators”

Usage Guide

Multi-Timeframe Analysis

  • Higher Timeframe Trend: View dominant trend from higher timeframes
  • Current Timeframe Signals: Trade in alignment with higher timeframe trend
  • Trend Confirmation: Use multiple timeframes for stronger signals

Trading Strategies

  1. Trend Following:

    • Enter long when SuperTrend turns green
    • Exit when it turns red
    • Use as a trailing stop mechanism
  2. Reversal Trading:

    • Look for color changes to identify potential reversals
    • Combine with other indicators for confirmation
    • Use multiple timeframes for stronger signals
  3. Risk Management:

    • Use the SuperTrend line as a dynamic stop-loss level
    • Adjust position size based on ATR volatility
    • Consider market conditions when setting parameters

Parameters

ATRPeriod

  • Default: 22
  • Description: Period for Average True Range calculation
  • Usage: Higher values for smoother signals, lower for faster response

Multiplier

  • Default: 3.0
  • Description: ATR multiplier to adjust sensitivity
  • Usage: Higher values for fewer signals, lower for more frequent signals

SourcePrice

  • Options: PRICE_CLOSE, PRICE_MEDIAN, PRICE_TYPICAL
  • Description: Price type used for calculations
  • Usage: Choose based on your trading strategy and preference

TakeWicksIntoAccount

  • Default: true
  • Description: Whether to include price wicks in calculations
  • Usage: Set to false for more conservative signals

Higher Timeframe

  • Options: M15, H1, H4, D1, W1
  • Description: Timeframe to overlay on current chart
  • Usage: Choose based on your trading style and strategy

Core Formula

The SuperTrend indicator uses the following calculations:

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Upper Band = Source Price + (Multiplier × ATR)
Lower Band = Source Price - (Multiplier × ATR)

In uptrend: SuperTrend = Lower Band (green)
In downtrend: SuperTrend = Upper Band (red)

Why Choose MultiTF Version?

Advantages Over Free Version

  1. Multi-Timeframe Analysis:

    • View higher timeframe trends directly on your chart
    • No need to switch between charts
    • Better trade alignment with dominant trends
  2. Enhanced Features:

    • More customization options
  3. Professional Support:

    • Direct support from the developer
    • Bug fixes and feature requests

Perfect For

  • Swing traders
  • Position traders
  • Multi-timeframe analysts
  • Trend followers
  • Technical analysts

Contact & Support

For technical support, bug reports, or feature requests:

  1. Contact us through the MQL5 Market
  2. Use the contact form below
  3. Join our community for discussions and updates

Note: This indicator is provided for educational and informational purposes only. Trading involves risk, and past performance is not indicative of future results.